Altcoin News

SLP Surges 70% in Wake of Former Pokémon GO Product Lead Reveal

  • Smooth Love Potion (SLP) price has skyrocketed overnight to as high as $0.0240.
  • People believe that the pump is due to breeders stashing away SLP and AXS.
  • The pump is also in the wake of Axie Infinity’s new product manager announcement.

The price of Smooth Love Potion (SLP) skyrocketed overnight to as high as $0.0240. According to CoinGecko, this is a surge of at least 70%.

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SLP/USDT 1-hr chart (source: TradingView)

The dramatic price increase is telling, especially since SLP price dipped to as low as $0.0089 just a couple of days ago. However, the price pump is not directly caused by the Axie Infinity team, as they have not rolled out the Season 20 update.

Some people suggest that the price is mostly speculative, as breeders are starting to stack up SLP since Adventure and Daily Quest rewards will be removed. However, Sky Mavis, the creator of Axie Infinity, revealed that it onboarded Philip La to its team.

Prior to his position at Sky Mavis, La was Product Manager of global hit Pokémon GO. As the team is planning to launch Origin shortly after Season 20, La will take a crucial role for the game. 

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CryptoNewsLand (CNL) is a one-stop online crypto news website that offers the latest happenings in the crypto world.

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